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    Property profile & analytics

    402 Washington St Dedham, MA 02026

    • Banks
    • 3,176 SF
    • 0.23 lot acres
    For Lease
    View listing
    Last Sale
    Dec 07, 2021
    $925,000
    Value Estimations
    $1,115,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1674743
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Banks

    Property Details for 402 Washington St

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    3,176 SF
    Zone code
    GB
    Property type
    Banks
    APN
    DEDH M:0108 L:0075
    APU
    DEDHM0108L0075

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,245,000
      ML approach
      $1,240,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,226,000
      Market price range: $1.03M - $1.88M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $1,155,000
      Current use
      AUTO REPAIR, GARAGE
      $1,025,000
      Change: -12% Conversion: Difficult
      OFFICE BUILDING
      $930,000
      Change: -19% Conversion: Difficult
      RETAIL STORES
      $930,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dedham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1736
    Latitude
    42.2472
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $29,620
    $560,600
    $583,900
    $1,144,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,940,000
      21,735 SF

      55 Elm St

      FINANCIAL BUILDING • 21,735 SF
      55 Elm St, Dedham, MA 02026-5996
      View Details
    • Value Estimation
      $820,000
      8,400 SF

      339 Washington St

      FINANCIAL BUILDING • 8,400 SF
      339 Washington St, Dedham, MA 02026-1870
      View Details
    • Value Estimation by Request
      1,976 SF

      5 Bryant St

      FINANCIAL BUILDING • 1,976 SF
      5 Bryant St, Dedham, MA 02026-4401
      View Details
    • Value Estimation by Request
      1,500 SF

      326 Washington St

      FINANCIAL BUILDING • 1,500 SF
      326 Washington St, Dedham, MA 02026-1829
      View Details
    • Value Estimation
      $1,170,000
      5,265 SF

      700 Washington St

      GYM, HEALTH SPA • 5,265 SF
      700 Washington St, Dedham, MA 02026-4427
      View Details
    • Value Estimation
      $1,125,000
      6,700 SF

      326 Brg St

      SHOW ROOM, WAREHOUSE • 6,700 SF
      326 Brg St, Dedham, MA 02026-1760
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,756 SF

      Renovated Industrial Building in Dedham

      Renovated 3,756 SF industrial building on 0.31-acre lot for sale.
      106 River St, Dedham, MA 02026
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    • $409,000
      2,183 SF

      Dedham Multifamily Income Opportunity

      Two homes on a large corner lot, ideal for extended family.
      2 Leominster Rd, Dedham, MA 02026
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      1,750 SF

      Dedham Commercial Condominiums For Sale

      Two adjoining commercial condominiums totaling 3,250 square feet in Dedham.
      27 River St, Dedham, MA 02026
      View Details
    • Contact for pricing

      Versatile Land Parcel in Dedham

      Over 11 acres of land with development potential.
      1133 High St, Dedham, MA 02026
      View Details
    • Contact for pricing

      Two-Family Home with Large Yard

      Two-family home with parking, green space, and vacant possession.
      83-85 Mount Hope St, Dedham, MA 02026
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    • Contact for pricing

      Land Opportunity in Dedham

      Land available in Dedham, Massachusetts.
      38 Fleming St, Dedham, MA 02026
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in CVS Anchored Center

      Retail spaces available in busy, highly visible Dedham plaza.
      234-270 Bussey St, Dedham, MA 02026
      View Details
    • Contact for pricing

      Office and Retail Space Available

      Office and retail spaces for lease starting 01/01/2026.
      4 Pearl St, Dedham, MA 02026
      View Details
    • Contact for pricing
      1,577 SF

      Retail Space in Oakdale Square

      Retail space for lease in high-traffic Oakdale Square.
      77 Cedar St, Dedham, MA 02026
      View Details
    • Contact for pricing
      2,982 SF

      Retail Space in Dedham Pointe

      Open-air shopping destination in Dedham, Massachusetts, anchored by grocery.
      300-302 Providence Hwy, Dedham, MA 02026
      View Details
    • Contact for pricing
      1,295 SF

      Retail Space on Bridge Street

      Retail space for lease near major retailers and highways.
      80-92 Bridge St, Dedham, MA 02026
      View Details
    • Contact for pricing
      1,812 SF

      New Retail/Office Space Available

      Newly built-out retail/office space near Legacy Place and I-95.
      910-926 Providence Hwy, Dedham, MA 02026
      View Details
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    402 Washington St
    Dedham, MA 02026
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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